Burlington Stores Inc. (BURL) Insider Mike Metheny Sells 4,000 Shares of Stock
Burlington Stores Inc. (NYSE:BURL) insider Mike Metheny sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $78.49, for a total transaction of $313,960.00. Following the completion of the sale, the insider now directly owns 2,782 shares in the company, valued at $218,359.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Mike Metheny also recently made the following trade(s):
- On Monday, September 12th, Mike Metheny sold 4,000 shares of Burlington Stores stock. The shares were sold at an average price of $82.32, for a total transaction of $329,280.00.
Shares of Burlington Stores Inc. (NYSE:BURL) opened at 76.69 on Monday. The firm has a 50-day moving average of $81.56 and a 200-day moving average of $68.53. Burlington Stores Inc. has a 12-month low of $39.40 and a 12-month high of $87.23. The company has a market cap of $5.42 billion, a P/E ratio of 32.84 and a beta of 0.39.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts predict that Burlington Stores Inc. will post $2.98 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. raised its position in Burlington Stores by 50.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 3,031,434 shares of the company’s stock worth $170,488,000 after buying an additional 1,016,120 shares during the period. Jennison Associates LLC raised its position in Burlington Stores by 4.8% in the second quarter. Jennison Associates LLC now owns 2,830,711 shares of the company’s stock worth $188,837,000 after buying an additional 129,111 shares during the period. Eagle Asset Management Inc. raised its position in Burlington Stores by 11.6% in the second quarter. Eagle Asset Management Inc. now owns 2,204,169 shares of the company’s stock worth $147,040,000 after buying an additional 229,805 shares during the period. Fiera Capital Corp acquired a new position in Burlington Stores during the second quarter worth $80,654,000. Finally, Samlyn Capital LLC acquired a new position in Burlington Stores during the first quarter worth $62,691,000.
BURL has been the topic of several recent research reports. Bank of America Corp. reiterated a “buy” rating and issued a $95.00 price target (up from $90.00) on shares of Burlington Stores in a research note on Monday, September 26th. Guggenheim initiated coverage on shares of Burlington Stores in a research note on Friday, September 30th. They issued a “neutral” rating on the stock. Buckingham Research lifted their price target on shares of Burlington Stores from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Telsey Advisory Group lifted their price target on shares of Burlington Stores from $84.00 to $86.00 and gave the company a “market perform” rating in a research note on Friday, August 26th. Finally, Royal Bank Of Canada lifted their price target on shares of Burlington Stores from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.18.
About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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